SegWit2x gains support from Chinese Bitcoin Miners

SegWit2x gains support from Chinese Bitcoin Miners

Activation of SegWit In a meeting held on Thursday, last week in Chengdu, the main contributors of Bitcoin in China, including Antwerp, F2pool, Bixin, 1hash, OKCoin and ViaBTC, unanimously signed a commitment to the New York agreement. The signatories also indicated...
What is Proof-of-Stake (POS)?

What is Proof-of-Stake (POS)?

Proof-of-Stake Explained In our earlier post we discussed what is Proof-of-Work. We concluded the article highlighting a major issue that can arise in future if Proof-of-Work algorithm is still continued in Bitcoin mining. The article was ended by arising a question...
What is Proof-of-Work (POW)?

What is Proof-of-Work (POW)?

Proof-of-Work Explained A Proof-of-Work is simply a key to solve a puzzle. When this key is generated and submitted the price is rewarded. Lets’s understand Proof-of-Work (POW) in terms of Bitcoin Mining We all know that bitcoin mining is based on proof-of-work...
How to “MINE” CryptoCurrencies?

How to “MINE” CryptoCurrencies?

Ever fantasized, perhaps if you randomly start digging your land and find tonnes of gold ? Ever wondered if you could own a gold mine? Well, I have and I am sure most of my readers had also dreamed about it.  I am not sure that you can fulfill your dream of mining...